Ex-Div Reminder for Zargon Oil & Gas (ZAR)

On 9/26/14, Zargon Oil & Gas Ltd (TSX: ZAR.TO) will trade ex-dividend, for its monthly dividend of $0.06, payable on 10/15/14. As a percentage of ZAR's recent stock price of $7.06, this dividend works out to approximately 0.85%, so look for shares of Zargon Oil & Gas Ltd to trade 0.85% lower — all else being equal — when ZAR shares open for trading on 9/26/14.

Below is a dividend history chart for ZAR, showing historical dividends prior to the most recent $0.06 declared by Zargon Oil & Gas Ltd :

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ZAR is likely to continue, and whether the current estimated yield of 10.20% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZAR shares, versus its 200 day moving average:

Looking at the chart above, ZAR's low point in its 52 week range is $6.84 per share, with $9.90 as the 52 week high point — that compares with a last trade of $7.06.

In Wednesday trading, Zargon Oil & Gas Ltd shares are currently up about 1% on the day.

In trading on Tuesday, shares of Top 20 Dividend (TSX: TTY-UN. O) were yielding above the 7% mark based on its monthly dividend (annualized to $0.6996), with the stock changing hands as low as $9.99 on the day.